According to ChainCatcher, digital asset trading company STS Digital has acquired Swiss cryptocurrency market maker flovtec to expand its market making capabilities and enhance liquidity solutions.
STS Digital, which specializes in over-the-counter trading and market making, believes the strategic acquisition of flovtec will "significantly accelerate its market making services" as "it will provide deeper liquidity for flovtec's existing customers," the release said. sex and smaller price spreads”. Possible enhanced services include regulated custody, customized liquidity solutions and trading strategies. The acquired company's trading infrastructure and proprietary algorithms will be integrated into STS Digital's existing platform. STS claims this will “facilitate the development of new innovative trading products and services”. Additionally, flovtec being regulated in Switzerland could help STS Digital expand in the European market.
